Centre seeks comments on Damodaran panel report

Taking forward the suggestions made by an expert panel for reforming regulatory environment for doing business in India, the government, on Tuesday, invited comments from the general public on those recommendations.

The government-appointed panel, headed by former Securities and Exchange Board of India Chairman M Damodaran, has recommended a string of legal, administrative and regulatory reforms to make the country a better and easier place for doing business. In a notice issued on Tuesday, the Corporate Affairs Ministry said the public comments on the report could be submitted till October 31. The Ministry would decide on the required steps after taking into account the public comments and views from other government departments.

The panel, which also included members from industry, had termed retrospective taxation a “significant disincentive” for entities wishing to do business in India.